Business Daily from THE HINDU group of publications
Thursday, February 01, 2007
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Markets (Jan 31)
BSE Sensex14090.92 (-121.04)
S&P CNX Nifty4082.70(-41.75)
US Dollar (Buy/Sell)44.25


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MARKETS

NEW FUND OFFER
Benchmark AMC launches Gold Exchange Traded Fund
Benchmark Asset Management Company launched India's first gold exchange traded fund, `Gold BeES.' The primary investment objective of Gold Benchmark Exchange Traded Scheme (Gold BeES) will be to provide returns that, before expenses, closely ... More

Tata Mutual files for gold fund
Tata Mutual Fund has filed its offer document for Tata Gold Fund with the Securities and Exchange Board of India. The open-ended exchange traded fund will track the domestic price of gold through investments in physical gold and will be listed ... More

STOCKS
Reliance Comm: All eyes on demerger
The market attention attracted by Reliance Communications recently has been attributed to the company's announcement that it has secured shareholder approval to demerge its tower business. According to market participants, this has rekindled ... More

TECHNICAL ANALYSIS
Bears prevail
Bears prevailed over Wednesday's trading activity. The sentiment reading of the tradable counters changed to bearish. Bull move on Thursday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bearish ... More

Long-term outlook positive for Tata Steel
The famous stock market saying, price discounts all, is truly reflected in the movement of the Tata Steel stock prices over the last six months. In the six months from the beginning of July 2006 to the end of January 2007, The stock lost 13 per ... More

STOCK MARKETS
Deal impacts other Tata stocks too
Bourses turned negative on the Tata-Corus deal with Tata Steel coming under the hammer on the BSE and NSE. The stock plunged by 10.66 per cent to close at Rs 463.95 from Rs 519.3 on Monday at the BSE, while it shed 54.35 points at the NSE to ... More

FOREIGN INSTITUTIONAL INVESTORS
Nagarjuna Construction net rises 53% at Rs 44.90 cr
To hike FII limits to 74%; raise Rs 810 crore More

COMMENTARY
RBI move on inflation, Corus deal drag markets
More

IPOS
Euro Ceramics plans to enter capital market
Euro Ceramics Ltd, a player in the ceramics and aluminium extruded sections domain, is entering the capital market with an initial public offering of 56.21 lakh equity shares of Rs 10 each. The price band has been fixed at Rs 150-180 per share . ... More

Autoline lists at 16% premium on BSE
The stock of Autoline Industries Ltd made its debut on the NSE at a premium of 2.22 per cent at Rs 230 against the offer price of Rs 225. The stock touched an intra day high of Rs 287.70 and closed at Rs 257.13. A total of 53,35,774 shares were ... More

PUBLIC OFFER
PNB to trim Govt stake to 51%
Punjab National Bank (PNB) plans to make an equity offering next fiscal that could lead to offloading of 6.8 per cent of the Government's stake, which currently stands at 57.8 per cent. The bank had last tapped the capital market through a ... More

OUTLOOK
'A long-term positive'
Analysts and industry experts bet on the long-term positives of the Tata Steel-Corus deal. Terming it as a `strategic' move from Tata Steel, the analysts said the wide reach and improved margins for the merged company will consolidate Tata ... More






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